EscapadeNg:
Nigerians are known to be very intelligent in all spheres of life through-out the world but yet our country surfers in the midst of plenty. Despite
the abundant human and non-human resources available. We all have cried out to President Buhari to at least provide a policy document on how to improve the economy but to my knowledge have not heard of a specific road map outlined by our President in terms of Economic Policy. Although, I completely agree that Nigerians are good at policy formulation but we fail at implementation stage. Hence, President Buhari need not to worry about formulating a new economic policy, all we need to do is to go back to past economic policies formulated. Particularly, to the NEEDs Strategy formulated during the regime of Olusegun Obasanjo and I believe the policy will align to the promises made by the APC political party during the last general elections.

Nigerians, let speak out our minds on this issue.

nnachukz:
Simple. Just remove the dullard and thank me later.

idupaul:
The first policy should be the removal of that devil of Daura. .I voted for him but he is clearly a demonic disastter

EscapadeNg:
Beyond President Buhari, I guess we have a systemic problem and his team are far asleep. But we can wake them up...

owoatiswag:
We need leaders who can take us out of this.....

Greece were in this position once but they do not have corruption this much.
We are busy fighting corruption while economy is fighting back at us. Our leader need to cut their pay and show Nigerians they are ready for the change we are experiencing as citizens

EscapadeNg:
Beyond President Buhari, I guess we have a systemic problem and his team are far asleep. But we can wake them up...

EscapadeNg:
Let wait and see how the 2016 budget will be implemented, it will speak a lot about our dear President. However, let see the topic of discussion beyond the surface. If any of us becomes the president of this country tomorrow, what can we do to save the economy in specifics. We never can tell it might help re-shape the economy.

EscapadeNg:
Beyond President Buhari, I guess we have a systemic problem and his team are far asleep. But we can wake them up...

EscapadeNg:
Let wait and see how the 2016 budget will be implemented, it will speak a lot about our dear President. However, let see the topic of discussion beyond the surface. If any of us becomes the president of this country tomorrow, what can we do to save the economy in specifics. We never can tell it might help re-shape the economy.

EscapadeNg:
Let wait and see how the 2016 budget will be implemented, it will speak a lot about our dear President. However, let see the topic of discussion beyond the surface. If any of us becomes the president of this country tomorrow, what can we do to save the economy in specifics. We never can tell it might help re-shape the economy.

Ioannes:
We should stop consuming foreign-made goods and start supporting our own local manufacturers here, giving them feedback as to how to improve on their products.

But we all know that those who import both standard and substandard/fake products into the economy will cry marginalisation.

freeze001:


Why should Nigerians be expected to stop consuming foreign made goods n patronise local manufacturers when the government doesn't even consider those manufacturers/the private sector relevant for economic planning hence its foolish justification of d exclusion of d private sector from its supposed economic team?

Why should Nigerians focus on the local industries when d government isn't interested in doin so but will rather intensify efforts and expend more resources on looking for oil up north? Crude oil that we don't have the local capacity to drill, refine and distribute?

I will have u know that playing the ethnic card will take us nowhere at this time so ur statement that people will cry marginalisation is just petty. Who says importation will keep being attractive if local capacity is beefed up n developed? What is d genesis of this import craze? Is it not from a government that from time immemorial depended on imports of refined crude when we had capacity to build refineries in each region?

How can local capacity grow when d primary n biggest spender ie the government still imports everything it uses from cars to furniture and whatnot? What made companies like Michelin leave Nigeria n relocate to Ghana? Was it not primarily lack of steady electricity? So how wil anyone make profit when u already start to lose from prohibitive costs of both electricity bills and alternative energy supplies?

Place blame where it belongs and demand responsibility from whom u should rather than these cheap jabs, that's what distracts us from keeping our eyes on d ball.

mikolo80:
you nko

Ioannes:
We should stop consuming foreign-made goods and start supporting our own local manufacturers here, giving them feedback as to how to improve on their products.

But we all know that those who import both standard and substandard/fake products into the economy will cry marginalisation.

Ioannes:


Why should Nigerians be expected to stop consuming foreign made goods" you ask?

Well if you are into production instead of helping other countries economy to grow to the detriment of yours you'll know the answer to that already.

And expecting the government to have a hand in every pie is the bedrock of corruption that has plagued this country.

Have you ever heard of capitalism, free trade, equal opportunities etc?

Well it starts from you and me.

When the shoe makers in Aba can proudly display "made in Nigeria" on their goods and know that it will sell.
When the rice farmers in the North know that they won't have to compete with plastic rice from China.
When the youths of this country know that once they get educated there'll always be work for them to do.

It would be great if the trade included exporting our products too. But no. Our appetite for foreign goods is our undoing.

What exactly do we contribute to the world other than importing the junks of others and bringing them here?

Even Dubai situated in a fvcking desert whose only natural resource is oil and a population probably only slightly larger than that of Lagos contributes immensely to world tourism.

Even the crude we export, we can't refine here.

Pointing fingers at the government is putting us on a long thing. Blaming the government is a sure way of ducking responsibilities.

It isn't the government that is importing plastic rice from China is it?

Neither is it the government importing used cars and generators.

I'm not playing the ethnic card here, but just stating the fact which is true otherwise you wouldn't know who I was talking about since I didn't mention names anyway.

After all said, Nigerians should realise that power (political and financial) truly belongs and resides with the people, with the led, and not the leaders and only the masses can save themselves not the few elites in government.

freeze001:


You fail to see my point. The government is the biggest spender, regulator, policy maker and so on. If there is no active support by d govt for local industries then we're going nowhere. The taste or love for foreign stuff isn't so much that Nigerians want to feel among as the fact that d business and manufacturing environment right now isn't favourable from the cost of doing business, to multiple taxes, lack of basic infrastructure like power and roads. These are all d responsibilities of any government anywhere! The implication is that d imported goods are cheaper and Nigerians will naturally go for cheaper stuff with better finish n presentation.

The government cannot be exonerated! A government policy that mandates or federal parastatals to source their computers, vehicles and health needs from within the shores of Nigeria for instance will see a ur indigenous factories boom and d health sector improve. However it will be more hardship and in fact stupidity if d govt doesn't fix power, diversify power sources, provide good transportation infrastructure both by land water and air. These areas need private sector investment but when d government shuts them out from economic planning and policy stage in d first place then there's a problem.

For plastic rice for instance, the fact that it gets into Nigeria is d failure of govt agencies like SON and NAFDAC to properly police n regulate possible areas of infraction. There will always be criminals but d government must be alive to its responsibilities to check these problems. U can be sure that govt officials are culpable by taking kickbacks and turning d other way or even playing active roles in d illegal import rackets through front companies and agents.

The local manufacturer must make good profit. He can only do so by incurring minimal production costs which mostly go to power supply, transport and so on. He needs good patronage too but if his prices are not competitive enough with other foreign brands available then d average Nigerian will go for cheaper. It's that simple. The problems must be addressed from the roots and that is the role of the government.

For me this all boils down to the regional autonomy we've always called for. Over centralisation is inimical to our progress n development and is applicable anywhere. The fastest route to diversification and sufficiency unto exports is through decentralisation and more autonomy to regions so that sense of worth n responsibility like 'this is for me and it must be done so I can survive' is nurtured and developed. This again is dependent on the government to facilitate and achieved but when it cannot even be raised for real consideration and implementation without threats of war and reminders of d civil war, again the problems remain and continue to fester.

owoatiswag:


Bro, I no dey control the price of things in the market or CBN... I'm just a man trying to survive....

mikolo80:
yes you do. Abi you no do demand and supply for economics ne.
Not only for passing exams o

owoatiswag:


You can't practice what you study in this country, you study wat u practice..... Those who regulate the prices of goods and services control the demand and supply of the country